Tag Archives: recession
Photos of the Week – November 28, 2020
These are images of people waiting at various food banks across the United States in the days leading up to Thanksgiving. I’m sure these people are thrilled to know the Dow Jones Industrial reached 30,000 this week. This happened in the richest goddamn country in the world.
Most Ominous Quotes of the Week – November 28, 2020
“The economy is going to be very uncomfortable between now and when we get the next fiscal rescue package. If lawmakers can’t get it together, it will be very difficult for the economy to avoid going back into a recession.”
– Mark Zandi, chief economist at Moody’s Analytics, on rising unemployment claims
“This winter will be grim.”
– Economists at JPMorgan Chase, in a report slashing their forecast for the 2021 first quarter to a negative 1% annual GDP rate
Tweet of the Week – August 8, 2020
Discussions between congressional Democrats and Republicans over additional economic relief, including extending unemployment benefits, have broken down – again – as Americans continue struggling with rising personal debts and increased costs of living.